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Mortgage Rates

BUSINESS
April 13, 2012 | By E. Scott Reckard, Los Angeles Times
Mortgage rates are sharply lower on news of a weakening job market, with the 30-year fixed loan averaging 3.88% this week and the 15-year fixed at a record low of 3.11%, according to Freddie Mac. The average for the 30-year loan was down from 3.98% a week earlier, Freddie Mac said in its latest weekly report. The 15-year mortgage, popular with refinancers seeking to pay off their loans, was down from 3.21% a week ago. Its previous record low of 3.13% was set March 8. The start rates for adjustable mortgages were little changed.
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BUSINESS
May 10, 2012 | By E. Scott Reckard
Mortgage rates have descended further into record low territory for the second straight week, with the average for a 30-year, fixed-rate loan dropping to 3.83% from 3.84% last week, Freddie Mac said. The 15-year fixed loan also dipped to a record low, falling from 3.07% to 3.05%, according to  Freddie Mac's latest survey , released Thursday. Borrowers would have paid an average of 0.7% in upfront lender fees to obtain the fixed-rate loans. People with solid credit and incomes who shop around or who pay additional discount points to lenders often can obtain slightly better rates than those quoted by Freddie Mac. Adjustable loans were mixed.
BUSINESS
December 19, 2013 | By E. Scott Reckard
Mortgage rates rose a bit this week following positive news on home building, with Freddie Mac saying lenders were offering a 30-year fixed-rate loan at an average of 4.47%, up from 4.42% last week. The average for a 15-year fixed was 3.51%, up from 3.43% last week, Freddie Mac reported Thursday. Its survey assumes borrowers have solid credit and income, provide at least 20% down payments or home equity, and pay less than 1% of the loan amount in lender fees and points. Start rates on popular types of adjustable rate loans also were higher, Freddie Mac said.
BUSINESS
March 13, 2014 | By E. Scott Reckard
Mortgage rates edged higher early this week, with Freddie Mac's survey showing lenders offering 30-year fixed-rate loans to solid borrowers at 4.37%, up from 4.28% a week earlier. The average rate for a 15-year fixed home loan rose from 3.32% to 3.38%, according to Thursday's report , and the start rate also rose for variable-rate loans with an initial five years at a fixed rate. Analysts said a positive report on employment late last week contributed to the trend. The economy added a better-than-expected 175,000 jobs in February despite harsh weather, the government said, and figures for the two previous months each were revised upward by 25,000.
BUSINESS
October 30, 2009 | E. Scott Reckard
Mortgage rates continued to drift higher this week, according to the latest survey from Freddie Mac, which reported Thursday that the average rate on a 30-year fixed-rate loan was 5.03%. That was up from a flat 5% a week earlier and from an all-time low of 4.87% in the week that ended Oct. 8. The surveys assumed that borrowers with good credit were making a down payment of at least 20%. Borrowers this month have paid on average 0.7% of the loan amount in upfront charges. Rates on shorter-term fixed-rate mortgages and adjustable-rate loans also rose.
BUSINESS
January 9, 2004 | From Associated Press
The average rate on 30-year mortgages rose to 5.87%, up from 5.85% last week, Freddie Mac said. That was the highest level since Dec. 12, when the rate was 5.88%. For 15-year mortgages, a popular option for refinancing, rates increased to 5.17%, up from 5.15% last week. Rates for one-year adjustable mortgages also were up this week, averaging 3.76% compared with 3.72% last week. The nationwide averages for mortgage rates do not include add-on fees known as points.
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